Hey everyone, Robby here with Rob D. There's been a property crash. It has already made a material

difference to many property investors. It will also create an opportunity for others. But the crazy

thing is, is that nobody is talking about it.

Welcome to the property podcast. Thank you for joining us. In case you don't know,

we run a business that ranges more than £100 million worth of property transactions every year for our clients. You can find out about that at property hub.net slash invest.

And like Rob said, if no one else is going to talk about it, then we will. A property crash is underway. But bear with us on this, it's the good type of property crash. Stick around to find out what we mean. Let's start, as we always do, with our news story at the week. And Rob, following on from last week's market update, where we talked about mortgages and how the landscape landscape is improving there because rates have started to come back down again, which is great. A bit more good

news, which is lovely, two weeks running, which is that the amount of product choice has climbed

back up as well. So there are now over 7,000 deals available, which is the first time since

March, there's been that many products

available. And this is great because, well, for two reasons. One, it's always good to have

choice, right, but two, more importantly, Rob, it's competition. So the more competition,

the more products out there, the more aggressive they'll naturally become with rate cuts.

So the trend that we started to see last week will hopefully continue for a little bit longer.

Exactly. And the other really positive fact in this data we're looking at is how long products are

sticking around for. So the average mortgage product sticks around for 15 days, which might not

sound like much, but lenders are always repricing their products. So it's very common for products to come off the market and come back again slightly different. And that 15 days is up from eight days in April. So what this is really giving us is a measure of volatility. So April was peak volatility. No one knew it was happening. Mortgages were coming on and off the market all the time. Now that's very clearly improved, which is very good news for your stress levels if you are applying for a deal.

I'm really excited about this week's episode because it's a concept that's just not talked about anywhere else. And Rob, I'll be honest, when we put this concept out for the first time, I thought others were

just going to jump all over it and go, aha, well done, guys, you've spotted something, others aren't

talking about this, and we'll all start talking about it now. Because we have quite a big reach,

and a lot of people in the industry listened to this podcast. So I fully expected, after talking

about the silent property crash last

time around, we'd start to see it talk about elsewhere. And the feedback that we got from the first

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